Health & Fitness
Avoiding Renovation Disasters
Before you spend too much money on a renovation, read this!
whether you're planning to sell or just increasing it's value for your pure enjoyment. Here are tips on how to avoid getting in over your head with renovations and spending more than you'll get in return.
Don't Take on More than You can Handle.
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Small fixes like cleaning and de-cluttering might be enough to impress a qualified buyer for your home. However, large, incomplete projects around the house could send potential buyers running. The last thing you want to do is gut a kitchen or bathroom and find you're unable to complete the work.
Avoid Renovations that Hurt Your Bottom Line.
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Think knocking down a wall to make two small bedrooms into one large one is a good idea? Think again. As a purely practical matter, two small bedrooms are better than one large one. Will adding a swimming pool give your home the edge over other homes for sale? Not so much. Pools increase the ongoing costs of owning a home significantly and homeowners insurance premiums will be higher because of the potential liability. Pools also take up a lot of the yard, and many buyers would rather have grass for their dogs or kids to run around on.
Appeal to a Wide Audience.
Neutral is always the way to go. It's easier for a buyer to imagine making your house their home when they have a clean, neutral canvas to start with. When buyers see outdated decor, they see dollar signs.
Don’t Overlook the Basics.
If you've spent the money to fully upgrade your kitchen but a home inspection reveals the roof needs to be replaced, buyers are likely to ask you to make these repairs or to drop the sales price. If you can’t afford either of these options because you’ve spent the money elsewhere, you could have trouble selling your home.
At the End of the Day...
It's key to understand the current housing market, economic climate, and buyer’s perspective when upgrading your home in order to sell. Knowing what today's buyers want is essential before spending time or money on any improvements. That's where your neighborhood Realtor comes in. Give me a call and I can help you understand how your home compares in today's market.
Kristy O'Connor
Realtor®
Weichert, Realtors - Media
606 E. Baltimore Pike, Media, PA 19063
267.243.6434
KristyLOConnor@gmail.com
